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'File 9/26 India and Persian Gulf Bank Limited' [‎5r] (9/78)

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The record is made up of 1 file (37 folios). It was created in 15 Jun 1945-8 Dec 1946. It was written in English and Arabic. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .

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CONFIDENTIAL
Copy of D.O. No. ACD .779 / B.S.E. 94-45 dated 28th June 1945
from the Reserve Bank of India, Agricultural Credit
Department, Bonbay to the Finajnce Department, Government
of India, New Delhi.
With reference to your letter No.D 7103-F.I./45
of the 19th June '45, the promoters of the India and
Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. Bank Ltd., made an application towards
the end of last year for the necessary permission
to make an issue of capital which was referred
to us for our recommendations by the Examiner of
Capital Issues. It was stated in the application
that the Bank will engage in the business of financing
trade between India, Iraq, Iran and the Middle East countries
generally, and would be meeting a greatly felt need, banking
facilities being rare in those territories. After making
the necessary enquiries with regard to the promoters of
-ed
the Bank, we recommencLthat permission may be granted for
the issue of capital to the extent of 10,000 ordinary
shares of the face value of RslOO/- each, at least 50 per
cent paid up, provided that the head office of the Bank is
established at Karachi. We were unable to recommend
permission being given for the Bank to have its head office
in Bombay which is already overcrowded in the matter of
banking offices. A copy of our letter to the Assistant
Examiner of Capital Issues in this connection is enclosed
herewith.
Our recommendation to Government on the application was given
on its merits as a financial proposition having regard to
the relevant criteria laid down by Government for purposes
of the control of capital issues in terms of Defence of
India Rule 94-A. Our recommendation did not take cognizance
nor were we aware, of considerations such as those advanced

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Content

The file contains correspondence sent and received by the Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. at Bahrain concerning the proposed opening of a bank called Indian and Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. Bank Ltd with Iraqi capital, headquarters in Karachi and branches at Kuwait, Dubai and Muscat.

There is a letter in Arabic with English translation, and a copy of a letter forwarded by the Residency An office of the East India Company and, later, of the British Raj, established in the provinces and regions considered part of, or under the influence of, British India. Agent at Sharjah.

Extent and format
1 file (37 folios)
Arrangement

The papers in the file are arranged chronologically. There are file notes at the end, on folios 35-38. The notes are arranged chronologically and refer to documents within the file.

Physical characteristics

Foliation: the main foliation sequence (used for referencing) commences at the front cover with 1 and terminates at the back cover with 39; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. An additional mixed foliation/pagination sequence is also present in parallel between ff 2-38; these numbers are also written in pencil, but are not circled. They are located in the same position as the main sequence, except for some instances which are located on the verso The back of a sheet of paper or leaf, often abbreviated to 'v'. .

Written in
English and Arabic in Latin and Arabic script
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'File 9/26 India and Persian Gulf Bank Limited' [‎5r] (9/78), British Library: India Office Records and Private Papers, IOR/R/15/2/371, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100025656265.0x00000a> [accessed 29 March 2024]

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